ESG wave is coming: are we ready to ride it?
Pakistan has opportunity to invest in ESG wave, show itself as leader in South Asia
ISLAMABAD:
Do you know that close to 3,000 soccer pitches of forest is lost every hour? Or that the richest 1% now owns half of the world’s wealth? Or that $24 trillion will be transferred from baby boomers to millennials over the next 10 years?
These are all trends that feed into the bourgeoning world of environmental, social and governance (ESG) management around the globe.
ESG assets, which are defined as those investments where environmental, social and governance screens are employed to “weed out bad apples”, are estimated to cross $50 trillion by 2025. That is a third of global assets under management in the next few years.